Royalty Pharma plc (NASDAQ: RPRX) is 3.49% higher on its value in year-to-date trading and has touched a low of $25.20 and a high of $31.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RPRX stock was last observed hovering at around $29.27 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $29.07, the stock is 4.85% and 5.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -0.68% at the moment leaves the stock 3.03% off its SMA200. RPRX registered -1.46% loss for a year compared to 6-month loss of -2.25%.
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The stock witnessed a 7.27% gain in the last 1 month and extending the period to 3 months gives it a 7.67%, and is 0.90% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.65% over the week and 2.15% over the month.
Royalty Pharma plc (RPRX) has around 89 employees, a market worth around $13.03B and $2.24B in sales. Current P/E ratio is 19.34 and Fwd P/E is 6.62. Profit margin for the company is 30.07%. Distance from 52-week low is 15.36% and -8.17% from its 52-week high. The company has generated returns on investments over the last 12 months (4.78%).
Royalty Pharma plc quarterly earnings per share for the current quarter are estimated at 0.92 with sales reaching $695.58M over the same period.The EPS is expected to shrink by -11.85% this year, but quarterly earnings will post 11.90% year-over-year. Quarterly sales are estimated to grow 29.70% in year-over-year returns.
623.0 institutions hold shares in Royalty Pharma plc (RPRX), with institutional investors hold 83.08% of the company’s shares. The shares outstanding are 446.69M, and float is at 382.88M with Short Float at 3.73%. Institutions hold 72.31% of the Float.
The top institutional shareholder in the company is MORGAN STANLEY with over 44.13 million shares valued at $1.16 billion. The investor’s holdings represent 9.8375 of the RPRX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 38.02 million shares valued at $1.0 billion to account for 8.4754 of the shares outstanding. The other top investors are FMR LLC which holds 27.89 million shares representing 6.2161 and valued at over $735.37 million, while BLACKROCK INC. holds 5.1307 of the shares totaling 23.02 million with a market value of $606.97 million.
Royalty Pharma plc (RPRX) Insider Activity
The most recent transaction is an insider sale by RIGGS RORY B, the company’s Director. SEC filings show that RIGGS RORY B sold 235,200 shares of the company’s common stock on Jan 02 ’24 at a price of $28.52 per share for a total of $6.71 million. Following the sale, the insider now owns 0.25 million shares.
Royalty Pharma plc disclosed in a document filed with the SEC on Jan 03 ’24 that RIGGS RORY B (Director) sold a total of 199,098 shares of the company’s common stock. The trade occurred on Jan 03 ’24 and was made at $27.79 per share for $5.53 million. Following the transaction, the insider now directly holds 55801.0 shares of the RPRX stock.
Still, SEC filings show that on Jan 04 ’24, RIGGS RORY B (Director) disposed off 35,702 shares at an average price of $27.55 for $0.98 million. The insider now directly holds 20,099 shares of Royalty Pharma plc (RPRX).
